Health Savings Accounts

A health care savings plan combining cost savings and flexibility
A Health Savings Account (HSA) gives you more flexibility and control over health care costs. That's because it empowers you to make your own health care decisions.

Use pre-tax dollars to pay for future medical expenses
You will be able to deduct your contributions to your HSA, and the account earnings will accumulate on a tax-deferred basis. And, distributions from your HSA are tax-free if they are used for qualified medical expenses.

See below for more information on HSAs and qualified medical expenses:

• HSA Frequently Asked Questions, published by the U.S. Department of the Treasury.
• IRS publication 502 Medical and Dental Expenses discusses the qualifying medical expenses (pdf document).